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Marcos, Cabinet officials ready to publish net worth

October 14, 2025

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Business World Philippines

THE presidential palace on Monday said members of the Executive branch including President Ferdinand R. Marcos, Jr., are open to publicizing their statements of assets, liabilities and net worth (SALN), following the new Ombudsman’s plan to lift restrictions as calls for government transparency intensify.

“Whatever is proper, in accordance with the law and beneficial in the fight against corruption — everyone in the Executive branch will comply,” Palace Press Officer Clarissa A. Castro told a news briefing in Filipino. “Everyone in the Executive branch is ready.”

The Philippines is probing a multi-billion-peso public works scam after Mr. Marcos’ pronouncements during his fourth state of the nation address, where he accused lawmakers of receiving kickbacks in various infrastructure projects.

This opened a can of worms as various government branches launched their own inquiries, further uncovering irregularities in infrastructure spending and prompting renewed scrutiny of accountability and transparency in public service.

The President also appointed former Justice Secretary Jesus Crispin C. Remulla as ombudsman and established an independent body to probe public work scams.

المزيد من القصص من Business World Philippines

Business World Philippines

Century Properties' PHirst launches P5.3-B housing project in GenSan

CENTURY PROPERTIES Group, Inc. is expanding into Mindanao with a P5.3-billion affordable housing project in General Santos (GenSan) City, as the developer seeks to tap rising demand for homes outside Metro Manila.

time to read

1 min

February 24, 2026

Business World Philippines

PhilWeb partners with FBM for online gaming across 30,000 machines

PHILWEB CORP. has entered into a partnership with casino equipment provider FBM to develop and deploy an online gambling platform integrated into FBM’s nationwide network of electronic bingo machines and venues.

time to read

1 mins

February 24, 2026

Business World Philippines

Business World Philippines

MPIC shelves Light Rail Manila Corp. exit plan

METRO PACIFIC Investments Corp. (MPIC) will keep its stake in Light Rail Manila Corp. (LRMC) after the government began settling billions of pesos in obligations to the private operator of Light Rail Transit Line 1 (LRT-1), easing concerns over mounting losses.

time to read

2 mins

February 24, 2026

Business World Philippines

One Battle After Another wins big at Britain’s BAFTA film awards

And the 2026 BAFTA winners are...

time to read

2 mins

February 24, 2026

Business World Philippines

Business World Philippines

India's new lending curbs squeezing trading firms

The Indian central bank's curbs on bank funding for proprietary trading could spur trading firms to shift business offshore and may force smaller players to shut down, executives and analysts said.

time to read

2 mins

February 24, 2026

Business World Philippines

Deutsche Bank sees last rate cut in June

THE BANGKO SENTRAL ng Pilipinas (BSP) could stand pat at its next meeting before delivering its final rate cut for this easing cycle in June as economic growth is likely to stay sluggish this quarter, Deutsche Bank Research said.

time to read

1 mins

February 24, 2026

Business World Philippines

‘Murky waters’ for global businesses after US Supreme Court strikes down Trump’s tariffs

The watershed US Supreme Court ruling on Friday that struck down President Donald J. Trump's go-to method of imposing tariffs upended a cornerstone of the administration’s trade policy, heaping additional uncertainty on trading partners and businesses across the globe.

time to read

4 mins

February 24, 2026

Business World Philippines

Pre-need sector books higher premium income

PRE-NEED COMPANIES’ combined premium income rose by 5.73% year on year to P23.94 billion in 2025 despite a decrease in the number of licensed firms due to tighter regulatory oversight, the Insurance Commission (IC) said ‘on Monday.

time to read

1 min

February 24, 2026

Business World Philippines

A look at the ASEAN and our major partner economies

The Association of Southeast Asian Nations (ASEAN) is a big economic bloc with a combined population of 686 million in 2024, the third largest in the world after India and China.

time to read

2 mins

February 24, 2026

Business World Philippines

Triconti wins grid nod for P303-B wind projects

A CONSORTIUM led by Triconti ECC Renewables Corp. has secured approval to connect 1,650 megawatts (MW) of planned offshore wind capacity to the Philippine grid, clearing a key hurdle ahead of a government auction for renewable energy contracts.

time to read

1 mins

February 24, 2026

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